Press Metal shines as aluminium demand grows

KUALA LUMPUR: A rebound in aluminium prices is raising the earnings outlook of Press Metal Aluminium Holdings Bhd, which remains one of the beneficiaries of a structural demand shift in the commodity, said RHB Research.

"We expect the current supply tightness caused by the continued Russia-Ukraine war, the matured stage of the monetary cycle, and the reopening of China’s economy to continue lending support to aluminium prices," it said in a company update.